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1907 North Surf Road, Holly...

Allen Konstam, Mark Drachman & Ira Chaimovits Acquire Hollywood Package Deal For $8M
SOLD

Allen Konstam, Mark Drachman & Ira Chaimovits Acquire Hollywood Package Deal For $8M

1907 North Surf Road, Hollywood, Florida 33019, United States

$3,700,000

$362/SF

Building Size

10,200 SF

Asset Type

Closing

Mar 17, 2022

AI

1907 N Surf Rd, located in Hollywood, was recently sold in a package deal. The property, spanning 10,200 square feet, was sold for a total of $8,000,000, resulting in a price per square foot of $784. The transaction took place on 03/15/2022.

Summary of transaction details

  • Property Type: Package Deal
  • Transaction Amount: $8,000,000
  • Square Footage: 10,200
  • Market: Hollywood

The buyers of the property were Allen Konstam, Mark Drachman, and Ira Chaimovits, who were represented by Condra Property Group. They successfully completed the package deal, acquiring the property for their investment portfolio. The transaction was facilitated by Mark Drachman, Allen Konstam, and Ira Chaimovits.

Players

Mark Drachman

Condra Property Group

Buyer

$235.4M

vol

9 deals

Buyer

Hollywood CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.29%

Cash-on-Cash

-1.23%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93